What Is Equipment Financing?
Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. Helping you to finance the purchase of most types of equipment—computers, machinery, vehicles, or whatever else you need. Applying for an equipment loan is fast and easy.
When your business needs a certain piece of equipment to get started or reach the next level, a small business equipment loan could be the right move—especially when you don’t have cash on hand to purchase the piece of equipment upfront. You can use the proceeds of business equipment financing loans to purchase almost any kind of business equipment, from computers to cars—and everything in between.
Who Qualifies for Equipment Financing?
As it turns out, most businesses can qualify for equipment financing loans. How much you qualify for and the interest rate you’ll pay—depends on the value of that equipment, your business’s financial history, and your credit score. If you have had strong sales, but struggle with your credit, a business loan may be a particularly good option for your small or online business. Getting the capital you need can make the difference between the success or failure of your business.